IDFC FIRST Bank

Always You First

IDFC First Bank (formerly IDFC Bank[4]) is an Indian banking company with

headquarters in Mumbai that forms part of IDFC, an integrated infrastructure finance
company. The bank started operations on 1 October 2015.[5] IDFC FIRST received a
universal banking licence from the Reserve Bank of India (RBI) in July 2015.[6] On 6
November 2015, IDFC Bank was listed on BSE and NSEIn 2014, the Reserve Bank
of India (RBI) granted an in-principle approval to IDFC Limited to set up a new bank
in the private sector. Following this, the IDFC Limited divested its infrastructure
finance assets and liabilities to a new entity - IDFC Bank. The bank was launched
through this demerger from IDFC Limited in November 2015.
IDFC Bank started operations in 19 October 2015.[8][9] with 23 branches in Madhya
Pradesh, Delhi, Mumbai, Hyderabad, Bengaluru, Pune, Chennai, Ahmedabad and
Kolkata. 15 branches are in settlements with a population of less than 10,000. IDFC
bank has launched its 100th branch in Honnali, Karnataka in October 2017 [10]

SHAREHOLDING PATTERN
IDFC First Bank Ltd., incorporated in the year 2014, is a banking company (having a
market cap of Rs 9595.76 Crore).
IDFC First Bank Ltd. key Products/Revenue Segments include Interest & Discount
on Advances & Bills which contributed Rs 7825.54 Crore to Sales Value (65.49 % of
Total Sales), Income From Investment which contributed Rs 3905.65 Crore to Sales
Value (32.68 % of Total Sales) and Interest which contributed Rs 193.79 Crore to
Sales Value (1.62 % of Total Sales)for the year ending 31-Mar-2019.
The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs .00
Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs .00
Crore (.00% of total assets).
For the quarter ended 31-12-2019, the company has reported a Consolidated
Interest Income of Rs 3082.39 Crore, up 3.74 % from last quarter Interest Income of
Rs 2971.20 Crore and up 14.32 % from last year same quarter Interest Income of Rs
2696.24 Crore. The bank has reported net profit after tax of Rs -1631.60 Crore in
latest quarter.
The bank’s top management includes Dr.Rajiv B Lall, Mr.Vishal Mahadevia, Mr.V
Vaidyanathan, Mr.Sunil Kakar, Mr.Sanjeeb Chaudhuri, Mr.Pravir Vohra, Mr.Hemang
Raja, Mr.Anand Sinha, Mr.Aashish Kamat, Dr.(Mrs.)Brinda Jagirdar, Ms.Anindita
Sinharay. It has Deloitte Haskins & Sells as its auditoRs As on 31-03-2020, the
company has a total of 4,809,903,016 shares outstanding.

IDFC First Bank Ltd. Company Management Team

Board Of Directors
Name Designation
Mr.Sanjeeb Chaudhuri Independent Director
Mr.Anand Sinha Independent Director
Mr.Hemang Raja Independent Director
Mr.Pravir Vohra Independent Director
Dr.(Mrs.)Brinda Jagirdar Independent Director
Mr.Aashish Kamat Independent Director
Mr.V Vaidyanathan Managing Director & CEO
Ms.Anindita Sinharay Non Exe.Non Ind.Director
Mr.Vishal Mahadevia Non Exe.Non Ind.Director
Mr.Sunil Kakar Non Exe.Non Ind.Director
Dr.Rajiv B Lall Non Exe.Part Time Chairman

Key Executives
Name Designation
Mr.Pankaj Sanklecha Chief Financial Officer
Mr.Ajay Mahajan Head
Mr.Satish Gaikwad Head - Legal & Co. Secretary
SWOT ANALYSIS OF THE BANK

Strengths in the SWOT analysis of IDFC FIRST bank

 The banks major strength is it involves latest cutting

edge technologies to support its core banking operations
 The bank has network of 943 branches and 1529 ATMs
 The total turnover of the bank is 3,37,584 crores in the last FY 2010-
11, and earned a net profit of Rs.1650 cr.
 The bank has grown at a rate of 60% compared to previous year
 IDFC FIRST BANK has the first mover advantage in opening ‘G-sec
portal’. This is a platform for the retail investors to invest in
government securities
 IDFC is one of the largest commercial banks in India which focuses
on industrial infrastructure and development

 Iloc product portfolio includes 14 broad classifications, and there are

some sub categories in each. The bank has customized solution
faculties for its industrial clients
 The location of its head quarters in Mumbai fosters the growth of the
bank
 IDFC subsidiaries are into capital market services, IT services, asset
management and life insurance

Weaknesses in the SWOT analysis of IDFC FIRST bank

 IDFC has less penetration into the rural mbranches very less number
of branches and ATM network compared to other major players
 It concentrates mainly on commercial banking services whereas
the individual banking services is where the main revenue lies.
 The customer help desk is not performing efficiently and there are
many unresolved issues of customers
 The bank has lots of consumer complaints with respect to servicing
charges
 The bank lacks in promotional activities

OPPORTUNITIES

 Scope for bagging government schemes arebeloh promotion IDFC

belongs to public sector
  Global opportunities for IDBI are the rise as the management is
keenly focusing on global expansion in next few years
 They have a good number of financial expertise to face the emerging
industrial and economic growth in India
 It is the only bank in public sector which has enabled social media
plug-in in its website. This has increased the brand awareness and
better reach to its customers
 The bank has good opportunities in semi-urban and Tire II cities
areas as the industrial growth is taking very rapidly

Threats in the SWOT analysis of IDBI bank

 IDBI faces tough competition in terms of new market

development due to competition from both government and private
banks
 FDI in Indian banking has been opened up to 74% by the RBI
 In private banking HDFC, ICICI and in public sector SBI, Punjab
National Bank, Andhra bank and Allahabad bank are the major
competitors
 The bank has to focus on improving the customer satisfaction in
order to sustain the loyal customers
 Recent scams and fraudulent activities of bank have gained mistrust
from its customers and investors

The bank serves corporate and private customers in India including the infrastructure
sector that IDFC specialized in from its founding in 1997. The bank also aims to
provide services to people in rural areas and to the self-employed.[12][13]
The bank IDFC Bank is the first in India to launch Aadhaar-linked cashless merchant
solution.[14][15]
One of its largest loans into e-commerce includes a ₹3 billion (US$42 million) loan
to Flipkart.[16] On 8 November 2017, IDFC Bank entered into a strategic partnership
with digital payments solution company MobiKwik to launch a co-branded virtual Visa
prepaid card for customers of MobiKwik.
On 11 March 2020, the bank announced that it has signed Mr. Amitabh Bachchan, as
its first ever brand ambassador.

Their are many competitor of idfc first bank . All other banks which are working
are the competitor of the bank.